Session Biases

[Hoista]

Do you think there is a bias during each session, one thing i've noticed recently (with no proof, merely an observation) is that currencies tend to rally slightly on the opening of their sessions.

e.g. Japan Yen rallies slightly when Tokyo opens, Euro rallies when Germany/France opens, Sterling rallies when London opens and US Dollar rallies when New York opens.

Rallies always seem brief, but seems to happen alamost everyday?

or am i just imagining it?

[birdjaguar]

That is not likely to happen consistenly. Be especially careful with USD/JPY since the interest differential favors Yen selling. Also, if you are looking for a significant number of pips, that observation will not be reliable. If you are only looking for a few pips, perhaps you can exploit it until it changes.